[8-K] Avis Budget Group, Inc. Reports Material Event

Rhea-AI Filing Summary

Manhattan Associates Inc. (MANH) Form 144 filing reveals an insider’s plan to sell 2,024 common shares via Morgan Stanley Smith Barney on or after 07/29/2025. The stock came from restricted-stock vesting on 05/11/2024 (1,524 sh) and 05/11/2023 (500 sh). At the stated aggregate market value of US$448,379.76, the implied price is about US$221.70 per share. The sale equals roughly 0.003% of MANH’s 60.47 million shares outstanding. No insider sales were reported during the preceding three months. The transaction appears routine and immaterial to the company’s capital structure but indicates limited insider profit-taking.

Positive

• None.

Negative

• Insider share disposal could be interpreted as a modestly bearish personal outlook, although the volume is negligible.

Insights

Securities Analyst

TL;DR: Small insider sale (≈$0.45 M, 0.003% float) is immaterial; neutral signal unless pattern escalates.

The Form 144 covers 2,024 MANH shares sourced from recent restricted-stock vesting. Even if executed in full, proceeds represent less than half a million dollars and do not meaningfully affect liquidity, ownership concentration, or EPS. Insider dispositions often draw attention, but the trivial size versus MANH’s $15 B+ market cap makes this filing largely noise. I view the disclosure as not impactful unless follow-on sales emerge or coincide with negative fundamentals.

FALSE0000723612FALSEFALSE00007236122025-07-292025-07-29

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

_________________

FORM 8-K

_________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): July 29, 2025

_________________

Avis Budget Group, Inc.

(Exact Name of Registrant as Specified in its Charter)

_________________

Delaware			001-10308			06-0918165
(State or Other Jurisdiction of Incorporation)			(Commission File Number)			(IRS Employer Identification Number)

379 Interpace Parkway						07054
Parsippany, NJ
(Address of Principal Executive Offices)						(Zip Code)

Registrant’s telephone number, including area code: (973) 496-4700

N/A

(Former name or former address, if changed since last report.)

_________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock, par value $0.01			CAR			The NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On July 29, 2025, Avis Budget Group, Inc. (the “Company,” “we,” “our” or “us”) reported our second quarter 2025 results. Our second quarter 2025 results are discussed in detail in the press release attached hereto as Exhibit 99.1, which is incorporated herein by reference.

The information in this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.			Description
99.1			Press Release dated July 29, 2025.
104			Cover Page Interactive Data File (embedded within the inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			AVIS BUDGET GROUP, INC.
By:			/s/ Cathleen DeGenova
			Cathleen DeGenova Senior Vice President and Chief Accounting Officer

Date: July 29, 2025

FAQ

How many Manhattan Associates (MANH) shares are being sold under this Form 144?

The insider plans to sell 2,024 common shares.

What is the estimated value of the planned MANH share sale?

The aggregate market value is US$448,379.76.

When is the approximate sale date for the MANH shares?

The filing lists an approximate sale date of 07/29/2025.

What percentage of MANH’s shares outstanding does the sale represent?

Roughly 0.003% of the 60.47 million shares outstanding.

Were any shares sold by this insider in the past three months?

No—“Nothing to Report” was stated for prior three-month sales.